IBM announces job cuts in North America
By Jennifer Scott,
IBM has today announced job cuts in its North America operations, even though its profits have steadily risen.
IBM would not confirm numbers or exact locations but it is being widely reported that there will be 5,000 job losses.
A spokesperson from IBM said: “On March 26, we notified some employees to inform them that some jobs were being eliminated. IBM continuously evaluates its mix of skills and resources throughout the year, and makes changes as needed. Managing resources in this way keeps us competitive, while adapting to the evolving needs of our clients.”
“We anticipate that some employees will find other positions within IBM, and we’re helping them in that effort. Those employees who leave IBM will receive separation benefits.”
In a recent announcement, IBM said it had a 12 per cent rise in its fourth-quarter profits, which may make these job cuts controversial.
The cuts also come just a week after it showed an interest in buying Sun Microsystems for a reported $6.5 billion (£4.6 billion).
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Nice 5000 more american jobs going to India.
Yea 5000 more american jobs going to India. Nice job handing out the handing out the tax Stimulis money and TARP (Troubled Asset Relief Program) funds to companies that give huge bonus to CEO's then they lay off 5000 US jobs to outsource to India. Then you also have companies like AT&T also both outsource us jobs to india, singiapore and Manila and insource Indians to the US on H1B Visas and Student Visas most of whom dont speak good english and/or have 3rd grade grammer skills to communicate issues with american companies to groom customers when all the jobs go over seas. At least when I call time warner cable in New York the customer service department is in the US, even though they have southern accents or hire workers from the inner citys, I would rather speak them them any day of the week instead of some Indian in bangalador with a fake masters whom I can not communicate with!
By Ip_robertb_20028 on Friday Mar 27